Vishal Mega Mart

May 14 (Reuters) - Vishal Mega Mart Ltd VSSL.NS:

• VISHAL MEGA MART LTD MARCH-QUARTER CONSOL NET PROFIT 1.7 BILLION RUPEES

• VISHAL MEGA MART LTD MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 31.1 BILLION RUPEES

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** Phillip Capital initiates Vishal Mega Mart VSSL.NS with "buy", PT of 142 rupees

** Brokerage says budget retailer's revenue mix is well-balanced across apparel, general merchandise and FMCG, helping sustain footfalls year-round

** Notes co's own brand contributes to about 73% to 74% of revenue, enabling sharp value propositioning at scale

** Sees 13% CAGR in store growth over FY25-28; expects revenue and PAT to grow at a CAGR of 18% and 24%, respectively, over FY25-28

** Stock rated "buy" on average by 16 analysts; median PT at 160.5 rupees - data compiled by LSEG

** Shares of VSSL down 0.3% at 118.6 rupees; YTD down 13%

(Reporting by Mridula Kumar in Bengaluru)

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April 16 (Reuters) - Vishal Mega Mart Ltd VSSL.NS:

• VISHAL MEGA MART LTD - UNIT GETS TAX ORDER FOR RECOVERY OF 1.4 MILLION RUPEES

Source text: ID:nBSE8k1fyX

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** Brokerage HDFC Securities initiates coverage on India's Vishal Mega Mart VSSL.NS with "buy" rating, sets PT at 130 rupees

** Shares of VSSL rise nearly 2% to 116 rupees, set for third straight session of gains

** HDFC says co a well-diversified value retail play

** Co a dominant tier 2+ player with a vast store opportunity- HDFC Securities

** Driven by its diversified mix, co uses high-frequency

FMCG as a hook to drive daily footfalls, effectively cross-selling captive shoppers into its higher-margin apparel and GM categories- HDFC

** We project ~18/21% revenue/EBITDA CAGR over FY26-28- HDFC

** VSSL rated "buy" on avg by 16 analysts covering it; median PT at 161 rupees- data compiled by LSEG

** YTD, VSSL down ~15%

(Reporting by Komal Salecha in Bengaluru)

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March 31 (Reuters) - Vishal Mega Mart Ltd VSSL.NS:

• UNIT GETS TAX ORDER FOR 32.9 MILLION RUPEES

Source text: ID:nnAZN4SO7CK

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Feb 27 (Reuters) - Vishal Mega Mart Ltd VSSL.NS:

• PROMOTER SAMAYAT SERVICES SOLD 652.5 MILLION SHARES IN VISHAL MEGA MART VIA BULK DEALS - NSE DATA

• HDFC MUTUAL FUND, GOVERNMENT OF SINGAPORE, MONETARY AUTHORITY OF SINGAPORE BUY SHARES IN VISHAL MEGA MART VIA BULK DEALS - NSE DATA

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Jan 27 (Reuters) - Vishal Mega Mart Ltd VSSL.NS:

• DEC-QUARTER CONSOL NET PROFIT 3.13 BILLION RUPEES

• DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 36.7 BILLION RUPEES

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** Swiggy SWIG.NS, Vishal Mega Mart VSSL.NS and Waaree Energies WAAN.NS rise in the last few minutes, while Hitachi Energy India HITN.NS off lows

** The four stocks likely seeing inflows amid their inclusion in MSCI Global Standard index .MIEF00000PUS announced earlier this month

** Index provider MSCI had said the changes will take place as of the close of August 26

** VSSL up 1.1%, while SWIG up 0.3%; both fell as much as 1.6% earlier in the day

** WAAN up 1% vs 1.2% losses earlier

** HITN down 0.4% vs 1.7% losses earlier

(Reporting by Vivek Kumar M)

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** Vishal Mega Mart VSSL.NS rises 6.8% to record high of 154 rupees; marks biggest intraday pct gain since April 30

** Budget retailer posts 37.2% y/y jump in June-quarter consol net profit; consol rev from ops rises ~21% y/y

** Jefferies retains "buy"; raises PT to 175 rupees from 142 rupees, implying 21% upside from last close

** Says co reported double digit same-store sales for fifth consecutive quarter

** Stock rated "buy"on average; median PT is 140 rupees, per data compiled by LSEG

** YTD, VSSL gains 44.6%

(Reporting by Rudra Pratap Singh in Bengaluru)

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Aug 13 (Reuters) - Vishal Mega Mart Ltd VSSL.NS:

• JUNE-QUARTER CONSOL NET PROFIT 2.06 BILLION RUPEES

• JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 31.4 BILLION RUPEES

Source text: ID:nBSE7KgKQN

Further company coverage: VSSL.NS

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Adds charts, gives more details in paragraph 4 and paragraph 6 onwards

By Vivek Kumar M

Aug 8 (Reuters) - MSCI will add four Indian stocks, including retailer Vishal Mega Mart VSSL.NS and online delivery platform Swiggy SWIG.NS, to its flagship MSCI Global Standard index .MIEF00000PUS, setting them up for potential total inflows of $1 billion.

Hitachi Energy India HITN.NS and Waaree Energies WAAN.NS will be the other two additions to the index, while Sona BLW SONB.NS and Thermax THMX.NS will be dropped, the index provider said in a statement dated August 7.

The changes will take place as of the close of August 26, MSCI said.

Swiggy is expected to get inflows worth up to $289 million, while Vishal Mega Mart can get $258 million in passive fund flows as a result of the addition, IIFL Alternate Desk said. They added that Hitachi Energy is likely to draw $230 million of inflows, and Waaree Energies $233 million.

All the six shares were trading lower on the day in a weak market. Meanwhile, information technology company Coforge COFO.NS was down 4%, among top 3 midcap .NIFMDCP100 losers, as it failed to make it to the MSCI Global Standard index.

MSCI's indexes are used by investors globally, with about $16.9 trillion of assets under management benchmarked to their equity indexes.

The index provider will reduce Swiggy rival Eternal's ETEA.NS weight in the flagship index, leading to outflows of up to $607 million, as per IIFL Alternate Desk.

Eternal's weight was expected to be lowered amid its proposal to convert to Indian owned and controlled company (IOCC), capping foreign ownership to 49.5%.

Apart from Eternal, three other Indian stocks - Asian Paints ASPN.NS, Jindal Steel JNSP.NS and Havells India HVEL.NS will see weight cuts, while CG Power and Industrial Solutions' CGPO.NS weight will be increased.

The index provider also announced the addition of 15 Indian stocks and removal of six from its Global Smallcap index.

(Reporting by Vivek Kumar M; Editing by Ronojoy Mazumdar)

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** MSCI likely to add India's Vishal Mega Mart VSSL.NS, Swiggy SWIG.NS, Hitachi Energy HITN.NS and Waaree Energies WAAN.NS to its standard index as part of August rejig, says Nuvama

** Believes Sona BLW SONB.NS and Thermax THMX.NS could be dropped from index

** Nuvama expects MSCI to add 12 Indian firms to its smallcap index, while removing four

** Index provider scheduled to announce quarterly index review on August 8, changes to take effect on August 26

** SWIG down 2.4% and VSSL up 2.3% on day

(Reporting by Vivek Kumar M)

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** Shares of Vishal Mega Mart VSSL.NS rise 1.2% to 138.8 rupees

** Motilal Oswal initiates coverage on budget retailer with “buy” rating

** Sets PT of 165 rupees, a 22.5% upside from stock's last close

** Brokerage expects revenue to grow 19% and PAT compound annual growth rate at 24% over FY25–28, driven by store expansion and strong private label portfolio

** Multi-category, own-brand portfolio acts as a strong moat for VSSL, and healthy store economics create room for accelerated store expansions – Motilal Oswal

** Avg rating of eight analysts equivalent of "buy", median PT is 139 rupees - data compiled by LSEG

** Stock up 30.4% YTD

(Reporting by Rudra Pratap Singh in Bengaluru)

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June 17 (Reuters) - Vishal Mega Mart Ltd VSSL.NS:

• SAMAYAT SERVICES SELLS 900 MILLION SHARES OF VISHAL MEGA MART VIA BULK DEALS - NSE DATA

• SBI MUTUAL FUND, KOTAK MAHINDRA MUTUAL FUND BUY SHARES OF VISHAL MEGA MART VIA BULK DEALS - NSE DATA

Source text: [ID:]

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June 16 (Reuters) - Vishal Mega Mart Ltd VSSL.NS:

• SAMAYAT SERVICES LIKELY TO SELL 10% STAKE OF VISHAL MEGA MART VIA BLOCK DEALS -CNBC-TV18 CITING SOURCES

• SAMAYAT SERVICES LIKELY TO SELL STAKE WORTH 50.57 BILLION RUPEES IN VISHAL MEGA MART -CNBC-TV18

• SAMAYAT SERVICES LIKELY TO SELL VISHAL MEGA MART STAKE AT 110 RUPEES/SHARE -CNBC-TV18

Source text: [ID:]

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June 5 (Reuters) - Vishal Mega Mart Ltd VSSL.NS:

• VISHAL MEGA MART - RECEIVES COURT ORDER

• VISHAL MEGA MART - COURT IMPOSES PENALTY OF 275,000 RUPEES

• VISHAL MEGA MART - INSPECTION FOUND VIOLATION IN FOOD PRODUCT

• VISHAL MEGA MART - NO MATERIAL IMPACT ON OPERATIONS FROM PENALTY

Source text: ID:nNSE6K8PxM

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** Shares of Vishal Mega Mart VSSL.NS rise as much as 9.1% to 117.52 rupees, highest intraday pct gain since listing last year

** The budget retailer on Tuesday reported 88% Y/Y rise in Q4 consol net profit, rev from ops rose 23.2% Y/Y

** More than 44 mln shares change hands, 3.1x of 30-day avg

** Avg rating of eight analysts equivalent of "buy", median PT is 125 rupees - data compiled by LSEG

** Since listing in mid December, stock has risen 12.8%

(Reporting by Ashish Chandra in Bengaluru)

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April 29 (Reuters) - Vishal Mega Mart Ltd VSSL.NS:

• VISHAL MEGA MART LTD MARCH-QUARTER CONSOL NET PROFIT 1.15 BILLION RUPEES

• VISHAL MEGA MART MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 25.48 BILLION RUPEES

Source text: [ID:]

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** Bernstein initiates coverage on Vishal Mega Mart VSSL.NS with "underperform", PT of 90 rupees - a Street-low per data compiled by LSEG

** While the supermarkets operator benefits from its lowest-cost offline retail distribution in India, it is facing intense competition and its margins have peaked, brokerage says

** Adds, VSSL's apparel portfolio is more basic vs Trent-owned TREN.NS Zudio and V-Mart Retail VMAR.NS, which have a fast-fashion positioning at similar price points

** VSSL down 0.4% at 103.85 rupees

** Avg rating of seven analysts on VSSL at "buy"; median PT is 125 rupees - data compiled by LSEG

** Stock down 2.5% so far this year

(Reporting by Kashish Tandon in Bengaluru)

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Jan 31 (Reuters) - Vishal Mega Mart Ltd VSSL.NS:

• DEC-QUARTER CONSOL NET PROFIT 2.63 BILLION RUPEES

• DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 31.36 BILLION RUPEES

Source text: [ID:]

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Dec 18 (Reuters) - Shares of Indian budget retailer Vishal Mega Mart VSSL.NS surged 33.3% in pre-open debut trade on Wednesday, as investors bet on the company's growth avenues and resilience to challenges faced by larger rivals.

The stock listed at 104 rupees on the National Stock Exchange, compared with its offer price of 78 rupees.

The $943 million IPO drew bids worth $19 billion last week, and was subscribed 27 times. Institutional investors, including the Singapore government and funds of JP Morgan and HSBC, were allotted shares worth about $283 million.

(Reporting by Kashish Tandon in Bengaluru; Editing by Varun H K)

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